Foresight Exports More Coal, Non-committal About Future of Deer Run

Oct 11, 2017

Strong export sales helped fuel higher steam coal output by Foresight Energy LP in the second quarter of 2017, but the company sold less coal at lower realized prices despite productivity gains, and recorded a net loss of $16.3 million for the April-June period.

Export deliveries of 2.2 million tons through the first half of this year compared favorably to the 1.3 million tons the St. Louis-based company shipped overseas during the first half of 2016, Foresight president and CEO Rob Moore told analysts during an August 11 phone conference to discuss earnings.